WHY CITY OF LAGOS
WHY CITY OF LAGOS
We do not need an angel to tell us about the depreciating status of the Nigerian economy. We see it, we feel it and we are all part of it.
However, while the effect of the economic downturn is fast manifesting across the country and some states are even struggling to pay workers’ salaries, Lagos State seems to be surmounting the odds and breaking new grounds in some ways.
With a population of over 22 million people, the state has continually witnessed an influx of Nigerians from other states and citizens from neighbouring countries on a daily basis, hereby stretching its infrastructural facilities. Economic experts attribute Lagos ability to remain buoyant in the midst of the economic uncertainties to the diversity in its sources of income and strategy.
What are the things happening in Lagos state?
Eko Atlantic City: The Eko Atlantic City (EAC) Project is a multi-billion-dollar project sitting on over 10 million square metres and it is expected to accommodate over 150,000 people who would reside there and another 250,000 who would work and commute within the city on daily basis. It is a self-contained city offering all the necessary services and facilities.
Dangote Refinery: A $12 billion private sector investment by Alhaji Aliko Dangote, Nigeria’s foremost business tycoon with the capacity to produce 650,000 barrels a day. The Refinery and fertilizer projects of Dangote Industries Limited are expected to create a minimum of 235,000 new jobs, both direct and indirect jobs, as will become operational in the first quarter of 2019.
Lagos Seaport: A multi-purpose, Deep Sea Port which will cost $1.65 billion and at the heart of the Lagos Free Trade Zone is scheduled to be completed in 2019 in line with the plan. The Lekki Port will be one of the most modern ports, supporting the burgeoning trade across Nigeria and the entire West African region.
Free Trade zone: Built within a distance of just 65kms from Lagos, the Lekki free trade zone is strategically located to serve the exponentially growing metropolis as well as the promising Nigerian hinterland. With readily available land, the free trade zone has the potential for expansion and the capacity to support a growing economy.
Fourth Mainland Bridge: A 26km state of the art bridge designed to link Ikorodu to Eti Osa Local Government Area. This new 2 level bridge in heart of Lagos will not be a typical infrastructure but will connect people in large numbers and improve their natural flow through a reorganization of vehicular, waterways, and pedestrian modes of transportation.
Now is the time to invest in Lagos. Don’t be left behind!